Here’s a revised summary of the Adani Group stocks that analysts recommend for potential attractive returns:
1. Adani Energy Solutions Ltd (AESL)
- Current Market Price: ₹977.00 per share
- Target Price: ₹2,251 per share (expected gain of 130.4%)
- Key Insights:
- Global brokerage Cantor Fitzgerald expresses strong confidence in AESL, highlighting its $18.5 billion enterprise value and growth prospects in India’s expanding energy market.
- The company is expected to experience significant growth as it completes nine recently awarded projects over the next 18-24 months.
- On October 4, 2024, AESL announced the incorporation of a wholly-owned subsidiary, Adani Energy Solutions Global Ltd.
- 52-Week Range: High – ₹1,347.90; Low – ₹686.90
- Market Capitalization: ₹1,17,365.31 crore
- Recent Performance: +1% in the last week, -7% YTD, +22% over the past year.
2. Adani Ports and Special Economic Zone Ltd (APSEZ)
- Current Market Price: ₹1,407.60 per share
- Target Price: ₹1,850 per share (recommended by Motilal Oswal)
- Key Insights:
- APSEZ has completed the acquisition of a 95% stake in Gopalpur Port Limited, enhancing its operational portfolio.
- The firm is poised to outpace India’s overall growth due to a strategic balance of ports along both the western and eastern coastlines and a diversified cargo mix.
- Jefferies also recommends a buy with a higher target price of ₹1,910 per share.
- 52-Week Range: High – ₹1,607.95; Low – ₹754.50
- Market Capitalization: ₹3,04,061.16 crore
- Recent Performance: +34% YTD, +73% over the past year.
3. Adani Green Energy (AGEL)
- Current Market Price: ₹1,792.05 per share
- Target Price: ₹2,515 per share (recommended by Investec)
- Key Insights:
- AGEL’s growth is supported by plans for 30GW installations in Gujarat and Rajasthan, with the goal of increasing total production capacity to over 50GW by FY30.
- 52-Week Range: High – ₹2,173.65; Low – ₹816.00
- Market Capitalization: ₹2,83,866.54 crore
- Recent Performance: -9% in the last two weeks, +86% over the past year.
Conclusion
Analysts are optimistic about these three Adani Group stocks, each presenting promising growth opportunities driven by strategic initiatives and market demand. However, potential investors should consider conducting thorough research and assessing market risks before making any investment decisions.
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